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Blog Posts in August, 2013

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  • Proposed Debt Collection Regulations Expected to Strengthen Consumer Rights in New York
    Proposed Debt Collection Regulations Expected to Strengthen Consumer Rights in New York

    Last month, the New York Department of Financial Services announced proposed regulations that are designed to provide heightened protection for New York consumers against rampant abusive debt ...

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  • Does issuance of a 1099-C mean you are not legally responsible for the debt?
    Does issuance of a 1099-C mean you are not legally responsible for the debt?

    Cancellation of debt legally owed represents income that must be included in your tax return. To encourage compliance with this tax responsibility, Congress amended the Internal Revenue Code in 1993 ...

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  • Consumer's FDCPA Claim Not Barred by "Entire Controversy" Doctrine and Choice-of-Law Issue
    Consumer's FDCPA Claim Not Barred by "Entire Controversy" Doctrine and Choice-of-Law Issue

    A consumer was sued by Midland in New Jersey state court for an allegedly delinquent debt that had originated in Pennsylvania, where the consumer had once lived. Pennsylvania contract claims are ...

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